| |
Ask The Hammans - Kitchen Remodel Returns How much will a new Kitchen add to my homes value?
Generally speaking, a Kitchen remodel is the most significant change you can make to increase the value of your home. It is the trump card of remodeling.
It is also an opportunity to create a positive or negative impression, depending on the choices made. It pays to do your homework and work with knowledgeable professionals along the way.
Timing the completion of your remodel so that you can enjoy the fruits of your labor well in advance of selling is a wise choice.
If you are trying to increase the value of your home in preparing it for sale, then your best bet is to have us consult with you on a strategy of where to best spend your dollars, as many times it turns out not to be your Kitchen.
Remodeling too close to the time you place your home on the market for sale may put your return or value increase at risk. In the case of being "over built" for your direct neighborhood or area, it will take some time for the rest of the area to "catch-up". Mean while take some time to enjoy the fruits of your labor.
Also, selling too soon after a remodel hardly pays for the time you were inconvenienced by the remodel activity it self and you didn’t receive your due, in terms of enjoying the new Kitchen.
A better strategy is to complete any major remodeling at least 1 to 2 years ahead of a plan to sell. Then you can enjoy the fruits of your remodeling labor while your home garners an extra kick of appreciation over that time period, putting you ahead of the pack.
Best wishes and good luck!
Cindy & Rich
| |